U.S. Portable Generators Market Size Detail Analysis focusing on Key Players like Kohler, Cummins, Briggs & Stratton, Generac, Eaton, Yamaha Motor, Honda Motor, Caterpillar, Yanmar, Kubota Atlas Copco, Honeywell, John Deere, Siemens

A research report on ‘U.S. Portable Generators Market’ compiled by Market Study Report, LLC, features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players.

U.S. Portable Generators Market is predicted to surpass USD 1.5 Billion by 2024. Increasing recurrence and severity of natural adversities will stimulate the business growth. As per the U.S. DOE, weather outages are anticipated to rise as the climate change increases the frequency and intensity of floods, hurricanes, blizzards, and other adverse weather conditions. Recent instances include the Hurricane Maria and Hurricane Harvey in the U.S. which affected around 1.57 million and 336,000 electricity customers respectively.

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Key industry participants include Kohler, Cummins, Briggs & Stratton, Generac, Eaton, Yamaha Motor, Honda Motor, Caterpillar, Yanmar, Kubota Atlas Copco, Honeywell, John Deere, Siemens, and others.

The U.S. portable generators market is estimated to amass substantial proceeds in the ensuing years owing to the country’s power grid vulnerability and the rising number of power outages occurring from natural disasters.

Extreme weather conditions often lead to major power outages as supply lines get knocked down by trees. The United States is no stranger to such instances, since the country has witnessed several giant blackouts caused by natural disasters like hurricanes and storms. For instance, Hurricane Florence caused severe damage to the power supply facilities in the region with 759,013 customers in North Carolina and 131,652 customers in South Carolina being out of power, as per estimates by the power service tracker. Electricity provider to the eastern North Carolina Duke Energy at one point had nearly 380,000 customers without power. Prior to Hurricane Florence, several other mammoths like Hurricane Irene, Superstorm Sandy, and Hurricane Irma had also caused prolonged power outages in the US. Prevalence of prolonged power outages will increase dependency on backup power solutions, which will fuel the demand for generators, thereby impacting U.S. portable generators market growth.

Declining resiliency coupled with increasing vulnerability of electric grid infrastructure will fuel the U.S. portable generators market. Increasing grid failures owing to the inability to sustain high susceptibility and amplified demand load to extreme weather conditions will further complement the industry growth. Inadequate installed capacity coupled with increasing energy consumption will further complement the business growth.

In 2017, California portable generators market was valued over USD 90 million. Rising strain on power grid owing to the rising temperatures across the state will encourage the product adoption. For instance, high usage of air conditioning driven by triple digit temperature overloaded the California Power Grid, resulting into severe and widespread power outages in 2017.

South Atlantic portable generators market will grow owing to the heavier Atlantic hurricane season. The South Atlantic region, in 2017, experienced one of the most destructive and hyperactive hurricane season, for instance, six category 3 hurricanes and 18 storms. The ever-increasing intensity of hurricane season accompanied by the expanding power outages will fuel the product penetration.

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Ability to provide safe operations along with relatively low cost and compliance with emissions standards will propel the Class I engines portable generators market. These engines find wide acceptance across the generators of lower power ratings to provide backup power solutions to the commercial and residential establishments.

Construction applications is predicted to witness gain of 3% by 2024. The generators are primarily deployed across the job sites to cater reliable and continuous power supply to construction tools and equipment. The industry growth is attributed to the escalating demand for reliable supply of power across the construction sites.

Power grid vulnerability is another factor behind prolonged power outage, which is projected to positively impact the U.S. portable generators market. A relevant example validating the above statement dates to 2003 when roughly 50 million people lost access to electricity due to a cascading blackout that began in Ohio. Additionally, the fear of power outages created by cyber-attacks will further advance market demand. Reportedly, Russian hackers gained access to the US power grid causing havoc. Such instances can result in major power shutdowns followed by other serious problems, in which case, generators can help with electrical needs until the grids are fixed, thereby increasing the profitability landscape of U.S. portable generators market.

Gasoline portable generators market is projected to expand over 3% by 2024. Easy accessibility of fuel during natural calamities will stimulate the product demand. Easier availability of gasoline, competitive fuel price, and portability will reinforce the product demand. Other fuels including diesel and liquid propane are also used to power these units.

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